Amazon.com, Inc. (NASDAQ:AMZN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given an average recommendation of “Moderate Buy” by the fifty-eight research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, fifty-three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $286.9286.

Several equities research analysts recently issued reports on the company. DZ Bank raised Amazon.com to a “strong-buy” rating in a research note on Friday, February 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Amazon.com in a research note on Friday, February 6th. KeyCorp set a $285.00 price target on Amazon.com in a report on Friday, February 6th. BNP Paribas Exane began coverage on Amazon.com in a report on Monday, November 24th. They set an “outperform” rating for the company. Finally, TD Cowen restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 6th.

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Amazon.com Stock Performance

NASDAQ AMZN opened at $207.67 on Monday. The company’s 50 day simple moving average is $222.93 and its two-hundred day simple moving average is $226.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. Amazon.com has a 1 year low of $161.38 and a 1 year high of $258.60. The stock has a market capitalization of $2.23 trillion, a PE ratio of 28.96, a P/E/G ratio of 1.57 and a beta of 1.40.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The firm had revenue of $213.39 billion for the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 earnings per share. Analysts predict that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Trending Headlines about Amazon.com

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Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 17,751 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares of the company’s stock, valued at $1,930,094.10. The trade was a 65.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the completion of the transaction, the chief executive officer directly owned 2,238,118 shares in the company, valued at $459,217,051.24. The trade was a 0.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 71,686 shares of company stock worth $14,688,739. 9.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. American Capital Advisory LLC boosted its stake in Amazon.com by 63.9% during the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock worth $1,774,000 after purchasing an additional 3,152 shares during the last quarter. ARK Investment Management LLC raised its position in shares of Amazon.com by 8.3% in the second quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after buying an additional 86,978 shares during the last quarter. Buckhead Capital Management LLC lifted its stake in shares of Amazon.com by 16.1% in the second quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after buying an additional 3,948 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Amazon.com during the third quarter worth about $451,642,000. Finally, Alpha Wealth Funds LLC boosted its position in Amazon.com by 172.8% during the second quarter. Alpha Wealth Funds LLC now owns 3,012 shares of the e-commerce giant’s stock worth $667,000 after acquiring an additional 1,908 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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